DFDS withdraws from Turkish acquisition agreement
DFDS has terminated its agreement to acquire Ekol Logistics' international transport network due to unmet contractual conditions. As a result, DFDS has adjusted its 2024 financial outlook, lowering its expected ebit range from DKK 1.7-2.1 billion (USD 0.25 – 0.31 million)... more
From AP Møller-Maersk to Leschaco
Leschaco has appointed David Williams as chief product officer (CPO) and a member of the management board, effective 1 November 2024. In his new role, Williams will oversee the company’s global product portfolio. Williams joined Leschaco in January 2024 as global head... more
Operail inks sale agreement
The Estonian rail company Operail has concluded a purchase and sale agreement to sell its business to Rail Project OÜ, an affiliate of Tiigi Keskus based in Estonia. The transaction will be completed in the coming months when authorities have given all the necessary approvals.... more
From Ukraine via Titusville into the Universe
In cooperation with Ceva Logistics, the Ukrainian heavylift specialist Antonov Airlines recently delivered a European critical satellite and additional equipment from Cologne-Bonn (Germany) to Titusville (USA). The container with its 40 t cargo was loaded onto a AN-124-100M... more
Logistics giant wins deal to phase in green fuels
Wallenius Wilhelmsen has secured a five-year shipping and logistics contract with a manufacturer specialising in the agriculture, forestry, and roadbuilding sectors. The agreement will take effect on 1 December and is valued at approximately USD 766 million based on projected... more
A singular solution
Geopost has officially launched a digital platform focused on e-shopping with SME retailers in mind. Dubbed “Singular”, the site connects smaller enterprises and consumers, providing a marketplace for the companies to grow and expand their bases. It offers a virtual... more
Strengthening a joint pharma network
Latam Group's cargo operators and Delta Cargo are expanding their collaboration to extend the number of routes for the transport of pharmaceutical shipments between North and South America. The companies are working together to integrate their pharma network and now offer an... more
Guillaume Faury to be reappointed as CEO
At the company’s annual general meeting in 2025, Airbus SE’s board of directors will propose to its shareholders to renew Guillaume Faury’s mandate as executive member of the board and Airbus CEO. The company has also announced a change at the head of its commercial aircraft... more
"Curiosity of the Day"
The meat of mature wild boar shot during the mating season is inedible. more
Building an inland port
US short line operator Patriot Rail and Merced County have jointly opened a new loading dock at the Castle Commerce Centre CA (USA), laying the foundation for transforming the rail district into an inland port to serve California ports and beyond. In 2023, the state of... more